Daily Chemical Reactions

On The Road Again – Tire Volume Slowly Pumps Up, Global Butadiene Supply Far From Empty
September 10, 2020
Commodities Mentioned:
Naphtha, Crude, Ethane, Natural Gas, Butadiene, Styrene Butadiene Rubber, Butyl Rubber, Natural Rubber, Polyethylene Terephthalate (PET), Tackifiers, Construction Chemicals
Companies Mentioned:
AkzoNobel, Element Solutions, BASF, LyondellBasell, TPC Group, Invista, Goodyear, Kraton, Ineos, Trinseo, Agylix, Lummus Technology, Reliance Industries, Veolia, Air Liquide, Eni, SI Group, Fluor, Total, Enterprise Products, Idemitsu Kosan, Valero

Daily Chemical Reaction

 

On The Road Again – Tire Volume Slowly Pumps Up, Global Butadiene Supply Far From Empty

 

Key Points:

  • Despite improving downstream demand, we maintain a cautious view of Butadiene (BD) markets as new Asia supply arrives – we discuss the pricing strength relative to the US market.  
  • We discuss two positive 3Q20 corporate updates (AkzoNobel in coatings, and Element Solutions in specialty/electronics materials) and highlight other corporate news (BASF, Fluor, Air Liquide, Kraton, Eni, SI Group, etc.)
  • Other items worth note range from comments on China PE and PP price strength post Laura facing headwinds, to recent weakness in Asia naphtha, to keeping a close eye on recent tropical storm developments facing the US.

See PDF below for all charts

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